The Aldersgate Group has written to the Financial Times following revelations that the Treasury has blocked a review on resource depletion, climate change and growth that had the support across Whitehall departments.

Andrew Raingold, Executive Director of the Aldersgate Group, said: "By blocking this review, the Treasury is damaging future growth prospects. Rising and volatile commodity prices are having a material impact on business. An independent analysis on how these major trends effect UK competitiveness is widely supported by business leaders and across Government departments. The Chancellor must address resource risks urgently to build a more resilient economy that exports the solutions to global challenges."